earnings
confidence high
sentiment positive
materiality 0.80
Aramark Q1 revenue +17% to $4.6B, adjusted EPS +91% to $0.44; sells AIM stake for $535M, updates FY guidance
Aramark
2023-Q1 EPS reported
$0.28
revenue$4,600,998,000
- Revenue $4.6B (+17% YoY), organic revenue +18%; operating income $200M (+42%), adjusted operating income $242M (+47%).
- GAAP EPS $0.28 (+65%), adjusted EPS $0.44 (+91%); currency impact reduced EPS by $0.02–$0.03.
- Sold 50% stake in AIM Services to Mitsui for $535M; proceeds for debt repayment; expected close in fiscal Q3 2023.
- Maintained FY organic revenue growth 11–13%; raised AOI growth outlook to 32–37% (from 34–39%), leverage target ~4.0x.
- Quarterly dividend $0.11/share, payable March 8, 2023 to holders of record Feb 22, 2023.